Supreme Court · 2020 INSC 279 · Decided 5 March 2020
Commissioner of Income Tax, Udaipur v. M/S. Chetak Enterprises PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 279 · [2020] 4 S.C.R. 44
- Case number
- CIVIL APPEAL No. 1764/2010
- Decided
- 5 March 2020
- Bench
- A.M. KHANWILKAR, DINESH MAHESHWARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act
Headnote
Income Tax Act, 1961 - 80-IA - Matter relates to Assessment Year 2002-2003 (Financial year being 2001-2002 i.e. 01.04.2001 to 31.3.2002) - An erstwhile partnership firm- M/s. Chetak Enterprises entered into agreement with Govt. of and collection of road/toll tax- Firm converted into a private limited company (the respondent/assessee) under 1956 Act - Road was inaugurated and respondent started collecting toll tax - Claimed deduction u/s.80-IA - Declined by assessing officer - Reversed by
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